The Public Interest

The retreat from Keynesian economics

Martin S. Feldstein

Summer 1981

A major revolution in economic thinking is under way-a retreat from the Keynesian ideas that have dominated economic policy for the past 35 years. In the decades ahead this revolution in economic thinking is likely to have profound effects, not only on the national economy but also on our individual daily lives.

Download a PDF of the full article.


to your National Affairs subscriber account.

Already a subscriber? Activate your account.


Unlimited access to intelligent essays on the nation’s affairs.

Subscribe to National Affairs.